Taking responsibility
Article Abstract:
Corporate affairs are becoming increasingly complex in coping with global markets and regulatory structures, and hence the responsibility of those at the highest levels of decision-making is altered by subordination to the process itself. The forthcoming European Union's requirement for the audit engagement partner to sign in his/her individual name, and not on the firm's name, entails the person to make rigorously independent assessment of every potentially compromising entry and that is the personal responsibility and real auditing.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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Finding a way through the accounting maze
Article Abstract:
There is uncertainty among accountants on the applications of revenue recognition principles to different circumstances. The increase in the number of restatements have resulted in the loss of their effectiveness as a signal to investors.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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Prescriptive accounts? I'd rather they were understandable
Article Abstract:
The problems in presenting accounts in compliance with the vague rules of presentation and measurement under the revised IAS 1, Presentation of Financial Statements, are discussed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2007
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